intesa sanpaolo (ISP) Related Businessweek News

intesa sanpaolo (ISP) Details

Intesa Sanpaolo S.p.A. provides various banking products and services in Italy and internationally. It operates in Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance, and Capital Light Bank units. The company offers industrial credit, leasing, and factoring services; capital markets, investment banking, and structured finance, as well as merchant banking services; asset management solutions; and insurance and pension products. It operates a network of approximately 4,500 branches in Italy. Intesa Sanpaolo S.p.A. was founded in in 1998 and is based in Turin, Italy.

intesa sanpaolo (ISP) Key Developments

Intesa SanPaolo Announces Earnings Results for the Second Quarter Ended June 2015

Jul 31 15

Intesa SanPaolo announced earnings results for the second quarter ended June 2015. The company reported second-quarter earnings more than doubled due to higher fees and commissions and an improved credit market. The company reported net income of €2 billion for the three months through June, up from €720 million in the same period last year. Interest income in the quarter was down 6% to €1.9 billion, and trading profits also slid.

Intesa Sanpaolo S.p.A., H1 2015 Earnings Call, Jul 31, 2015

Jul 23 15

Intesa Sanpaolo S.p.A., H1 2015 Earnings Call, Jul 31, 2015

Intesa Sanpaolo To Sell Consumer Credit Unit

Jul 23 15

Intesa Sanpaolo S.p.A. (BIT:ISP) is looking to sell its Accedo consumer credit unit by the end of 2015 as part of a multi-year plan to shed non-core assets, two sources close to the matter said. The deal could be worth around €400 million. Intesa Sanpaolo aims to sell both the unit, which grants loans guaranteed by a portion of the debtors' salary. It would keep a network of financial advisers, the sources said, adding talks between the bank and potential buyers were already underway. One source said investment funds Apollo Global Management and Lone Star were the front-runners. Investment managers Vaerde Partners and Christofersson Robb & Company are also in the running, the source said. The second source mentioned also Fortress Investment Group LLC (NYSE:FIG) among suitors.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.